July Household Spending Intentions and the early indicators of August spending habits

Prior to the imposition of the stage 4 lock-down in greater Melbourne, the CBA Household Spending Intentions series for July showed solid improvement in the majority of spending categories. Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the report and what categories saw gains and losses in the month. With stage 4 lock-down now in place in Metropolitan Melbourne, Stephen and Belinda also discuss the latest CBA card spend data up until 14 August to see how this is impacting spending decisions in all the states.

 

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